DTE Energy (NYSE:DTE) SVP Joann Chavez Sells 7,062 Shares

DTE Energy (NYSE:DTE - Get Free Report) SVP Joann Chavez sold 7,062 shares of the firm's stock in a transaction that occurred on Monday, February 24th. The stock was sold at an average price of $132.40, for a total transaction of $935,008.80. Following the completion of the transaction, the senior vice president now directly owns 14,067 shares in the company, valued at approximately $1,862,470.80. The trade was a 33.42 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink.

DTE Energy Stock Performance

NYSE DTE traded up $1.92 on Friday, reaching $133.76. 1,161,945 shares of the stock were exchanged, compared to its average volume of 1,151,437. DTE Energy has a one year low of $103.06 and a one year high of $134.11. The firm has a market capitalization of $27.72 billion, a PE ratio of 19.76, a PEG ratio of 2.41 and a beta of 0.68. The company's 50-day simple moving average is $123.47 and its two-hundred day simple moving average is $123.80. The company has a current ratio of 0.71, a quick ratio of 0.46 and a debt-to-equity ratio of 1.77.

DTE Energy (NYSE:DTE - Get Free Report) last released its quarterly earnings data on Thursday, February 13th. The utilities provider reported $1.51 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.50 by $0.01. DTE Energy had a net margin of 11.27% and a return on equity of 12.42%. Analysts expect that DTE Energy will post 7.18 EPS for the current fiscal year.

DTE Energy Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 15th. Stockholders of record on Monday, March 17th will be given a dividend of $1.09 per share. This represents a $4.36 annualized dividend and a dividend yield of 3.26%. The ex-dividend date of this dividend is Monday, March 17th. DTE Energy's payout ratio is currently 64.40%.

Institutional Investors Weigh In On DTE Energy

Institutional investors and hedge funds have recently modified their holdings of the stock. Allworth Financial LP raised its position in shares of DTE Energy by 16.0% during the fourth quarter. Allworth Financial LP now owns 2,438 shares of the utilities provider's stock valued at $293,000 after buying an additional 336 shares during the last quarter. Nordea Investment Management AB raised its position in shares of DTE Energy by 2,235.2% during the fourth quarter. Nordea Investment Management AB now owns 221,237 shares of the utilities provider's stock valued at $26,706,000 after buying an additional 211,763 shares during the last quarter. Patton Albertson Miller Group LLC increased its position in DTE Energy by 7.6% in the fourth quarter. Patton Albertson Miller Group LLC now owns 46,931 shares of the utilities provider's stock worth $5,667,000 after purchasing an additional 3,306 shares during the last quarter. Hancock Whitney Corp increased its position in DTE Energy by 80.0% in the third quarter. Hancock Whitney Corp now owns 12,885 shares of the utilities provider's stock worth $1,655,000 after purchasing an additional 5,725 shares during the last quarter. Finally, Point72 DIFC Ltd bought a new stake in DTE Energy in the third quarter worth $650,000. Institutional investors own 76.06% of the company's stock.

Analyst Ratings Changes

A number of equities analysts recently issued reports on DTE shares. Scotiabank raised their price objective on shares of DTE Energy from $137.00 to $147.00 and gave the stock a "sector outperform" rating in a report on Thursday, December 12th. StockNews.com raised shares of DTE Energy from a "sell" rating to a "hold" rating in a report on Friday, February 21st. BMO Capital Markets raised their price objective on shares of DTE Energy from $125.00 to $135.00 and gave the stock a "market perform" rating in a report on Tuesday, February 18th. Guggenheim raised shares of DTE Energy from a "neutral" rating to a "buy" rating in a report on Thursday, January 23rd. Finally, KeyCorp downgraded shares of DTE Energy from an "overweight" rating to a "sector weight" rating in a report on Wednesday, December 4th. Six equities research analysts have rated the stock with a hold rating and eight have given a buy rating to the stock. According to MarketBeat.com, the stock has an average rating of "Moderate Buy" and a consensus target price of $135.67.

DTE Energy Company Profile

DTE Energy Company engages in the utility operations. The company's Electric segment generates, purchases, distributes, and sells electricity to various residential, commercial, and industrial customers in southeastern Michigan. It generates electricity through coal-fired plants, hydroelectric pumped storage, and nuclear plants, as well as wind and solar assets.